Busamed (Pty) Ltd (R1.2 billion)

Project summary

South Africa’s healthcare sector is dominated primarily by three large groups who control more than 75% of total market share, while the balance is largely fragmented. Busamed will be the first black-owned hospital group to compete with the big three. The vision is to be a consolidator of the fragmented healthcare market. This will be kick-started with the commercialisation of four hospital licenses for 580 hospital beds, spread over three provinces: Gauteng, Western Cape and the Free State. The first hospital, in the Western Cape, will be a world-class cardiology centre of excellence. The aim is to develop centres of excellence which will provide world-class services.